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120 Gallery Center Dr 7,956 SF Retail Building Mooresville, NC 28117 $4,316,576 CAD ($542.56 CAD/SF) 10% Cap Rate
Investment Highlights
- Located off exit 36 (Highway 150, one of Charlotte's busiest roadways.
- Ease of access and connectivity to retail amenities.
- Over 10 hotels within 1/2 mile radius.
- Great investment/redevelopment opportunity.
- Surrounded by mix of retailers: Target, Sam's Club. Lowe's, Walmart, Best Buy.
Executive Summary
2.54 acres with existing 7,956 SF Golden Corral Restaurant
Restaurant built in 2014
Located off exit 36 (Highway 150) in Mooresville NC
In-place annual income of $319,847 with 4 years of remaining term
Tenant will vacate at end of the lease: 11/30/29
Outstanding opportunity with immediate cash flow (10% cap) for investor. Or developer or owner/user that can access the site when tenant vacates.
Zoned CC (Community Commercial) allowing variety of commercial uses including retail or hotel
Restaurant built in 2014
Located off exit 36 (Highway 150) in Mooresville NC
In-place annual income of $319,847 with 4 years of remaining term
Tenant will vacate at end of the lease: 11/30/29
Outstanding opportunity with immediate cash flow (10% cap) for investor. Or developer or owner/user that can access the site when tenant vacates.
Zoned CC (Community Commercial) allowing variety of commercial uses including retail or hotel
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,956 SF
Building Class
B
Year Built
2014
Price
$4,316,576 CAD
Price Per SF
$542.56 CAD
Cap Rate
10%
NOI
$431,451 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.30 AC
Zoning
CC - Community Commercial
Parking
130 Spaces (16.34 Spaces per 1,000 SF Leased)
Frontage
155’ on Gallery Center Dr
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 4647-67-7286.000 | Improvements Assessment | $2,039,642 CAD |
| Land Assessment | $1,816,831 CAD | Total Assessment | $3,856,473 CAD |
Property Taxes
Parcel Number
4647-67-7286.000
Land Assessment
$1,816,831 CAD
Improvements Assessment
$2,039,642 CAD
Total Assessment
$3,856,473 CAD
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120 Gallery Center Dr
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